Input tax Credit under Construction Services

Yes, but only for under-construction properties when it is in course of 'furtherance of business'.

Read: Excerpt from the Press Release dated 15.06.2017

" This will change under GST. Under GST, full input credit would be available for offsetting the headline rate of 12%. As a result, the input taxes embedded in the flat will not (& should not) form a part of the cost of the flat. The input credits should take care of the headline rate of 12% and it is for this reason that refund of overflow of input tax credits to the builder has been disallowed."